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The Secular Trend in Monetary Velocity

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  • Clark Warburton

Abstract

Introduction: Change in monetary velocity as a measure of change in the demand for money, 68. — Types of money and their respective velocities, 69. — Velocity data pertinent to analysis of business fluctuations, 71. — Controversial issues regarding monetary velocity, 74. — The secular trend in circuit velocity of money, 75. — The trend in velocity and growth in time deposits, 81. — Seasonality of production and the rate of use of money, 84. — Factors in the declining trend in the rate of use of money, 86. — Interrelations between changes in the quantity and velocity of money, 90.

Suggested Citation

  • Clark Warburton, 1949. "The Secular Trend in Monetary Velocity," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 63(1), pages 68-91.
  • Handle: RePEc:oup:qjecon:v:63:y:1949:i:1:p:68-91.
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    Cited by:

    1. Antonio Mele & Radoslaw Stefanski, 2019. "Velocity in the Long Run: Money and Structural Transformation," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 31, pages 393-410, January.
    2. Samuel Demeulemeester, 2018. "The 100% money proposal and its implications for banking: the Currie–Fisher approach versus the Chicago Plan approach," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 25(2), pages 357-387, March.
    3. Milton Friedman & Anna Jacobson Schwartz, 1970. "Estimates for the Period Before 1867," NBER Chapters, in: Monetary Statistics of the United States: Estimates, Sources, Methods, pages 214-259, National Bureau of Economic Research, Inc.
    4. James R. Lothian & George S. Tavlas, 2018. "How Friedman and Schwartz Became Monetarists," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 50(4), pages 757-787, June.
    5. Antonio Mele & Radoslaw Stefanski, 2019. "Velocity in the Long Run: Money and Structural Transformation," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 31, pages 393-410, January.
    6. Peter N. Ireland, 1991. "Financial evolution and the long-run behavior of velocity : new evidence from U.S. regional data," Economic Review, Federal Reserve Bank of Richmond, vol. 77(Nov), pages 16-26.
    7. Samuel Demeulemeester, 2022. "Divorcing money creation from bank loans: revisiting the “100% money” proposal of the 1930s [Dissocier la création monétaire des prêts bancaires : retour sur la proposition "100% monnaie"," Post-Print hal-03938669, HAL.

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